Business

Microsoft Announces Major Layoffs

Updated 2026-07-06 17:25 UTC 1 source Negative

Xbox’s CEO stated that the business is not healthy and announced plans for 3,200 layoffs. Microsoft joins other tech giants like Meta and Oracle in cost-cutting measures amid rising AI development expenses.

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MarketWatch

Xbox’s CEO says the business is ‘not healthy’ as it prepares for 3,200 layoffs

With shares down 20% this year, Microsoft joins peers like Meta and Oracle in using layoffs to offset rising costs of the AI race

2026-07-06 17:19 UTC